According to the banking and payments technologies provider, the RemitPoint solution provides Bank of Marin, the sole subsidiary of Bancorp, with a centralized image-based remittance processing service that allows the bank to remain in control of the strategic aspects of its image lockbox offering while outsourcing back-end operations and transaction processing.

The Milwaukee-based vendor said in a release announcing the deployment that the solution is managed in a secure data center and provides the bank with keying, image transmission and Web output services, allowing the bank to actively market new lockbox services to its corporate customer base. As a result, Metavante noted, it will support the bank in increasing new revenue potential and transaction value, as well as reducing operating costs and improving operational efficiency.

Reflecting on the bank's 18-year relationship with Metavante, Michael Besselievre, executive vice president and chief information officer, Bank of Marin, noted in the statement, "In the search for a remittance solution that best fit our needs, Metavante offered an industry-leading platform on a hosted basis -- providing us with the best combination of control over the product and a workable business case."